Alyssa Davidson
Posted: Oct 9, 2024 5:20 AM Updated: Oct 9, 2024 5:20 AM
Correction and fact check date: October 9, 2024, 5:20 AM
briefly
Hashflow is launching Exchange OS, a ZK settlement layer that uses Risc Zero’s ZK prover and Celestia to prove on-chain and off-chain transactions.
Multi-chain decentralized exchange (DEX) Hashflow announced the launch of Exchange OS (xOS), a universal zero-knowledge (ZK) payment layer that allows any exchange to be proven. Combine Risc Zero’s ZK prover with Celestia’s technology to prove on-chain and off-chain transactions.
Celestia ensures that all data required to confirm and execute transactions is readily available and accessible, while RISC Zero provides the computational power to generate ZK proofs. In particular, Hashflow plans to integrate additional ZK provers and data availability layers in the future to provide greater flexibility to application developers and reduce user costs.
According to Hashflow, the current exchange design centralizes risk, forcing users to trust a platform whose operations cannot be independently verified. In contrast, provable exchanges solve this problem by separating the settlement layer from the service layer.
This allows exchange operators to independently verify key exchange operations while optimizing the user experience. According to the project, this feature could help prevent a failure similar to the FTX cryptocurrency exchange collapse in 2022.
xOS prioritizes user safety by giving individuals control over their assets. When a user onboards an exchange utilizing xOS, the process occurs on-chain. Additionally, users are free to withdraw whenever they want without the permission of the exchange.
xOS also promotes transparency by allowing users to check on-chain whether an exchange holds the assets it claims to hold. Meanwhile, xOS’ design aims to provide a high-performance trading experience similar to an order book-style exchange that is fast, responsive, and scalable.
Hashflow and Barter introduce Aggregator+ to source liquidity from major DeFi DEXs.
Hashflow DEX allows users to trade on major blockchains, including Ethereum, Arbitrum, Solana, and more, without bridging. We use an off-chain request for quote (RFQ) model to provide the best prices directly from expert market makers. If a better quote is available on-chain, Hashflow automatically executes the transaction at that price.
Recently, the platform introduced Aggregator+ to enhance its ability to source liquidity from major DEXs across the decentralized finance (DeFi) landscape, including Uniswap, Sushiswap, and more. To support Aggregator+, Hashflow has partnered with Barter, a solver that integrates liquidity aggregation technology with Hashflow’s Smart Order Routing (SOR).
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About the author
As a dedicated journalist at MPost, Alisa specializes in the broad areas of cryptocurrencies, zero-knowledge proofs, investing, and Web3. With a keen eye for new trends and technologies, she provides comprehensive coverage to inform and engage readers about the ever-evolving digital financial landscape.
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Alyssa Davidson
As a dedicated journalist at MPost, Alisa specializes in the broad areas of cryptocurrencies, zero-knowledge proofs, investing, and Web3. With a keen eye for new trends and technologies, she provides comprehensive coverage to inform and engage readers about the ever-evolving digital financial landscape.
more articles